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Trump Hints at Auto Tariff Reprieve as Companies 'Need Time' to Adjust Supply Chains
The 25% Autos tariff that Trump continues to implement is expected to reduce sales by millions of vehicles and cause a loss of 100 billion dollars.
The 25% automobile tariff that Trump continues to implement is expected to reduce sales by millions of vehicles, resulting in a loss of 100 billion dollars. Analysts predict that automobile sales will decrease by millions, the prices of new and used cars will rise, and the costs in the autos industry will increase by more than 100 billion dollars. Although President Trump made some adjustments to other country-based tariffs this week, the 25% tariff on imported autos remains in effect. Analysts anticipate that these policies will have a significant impact on the global autos industry. According to research reports from Wall Street and analysts in the autos industry, they expect automobile sales to decrease.
The negative effects of tariffs are beginning to show: imports of Autos from the USA are gradually "stopping," and businesses are reluctant to invest recklessly in the USA.
① The 25% tariff imposed by President Trump on imported cars took effect last week, causing many Auto Manufacturers to suspend deliveries to the USA market; ② Brands such as Jaguar Land Rover, Stellantis, and Audi have announced a halt to exports to the USA or production in North America; ③ The tariff has had a destructive impact in the short term, and many companies have not yet made the decision to increase production capacity in the USA, which may undermine Trump's ambitions for American manufacturing.
27182818 : Yes. I wish the shorties would pile on so I could buy more.